TEST BANK FOR Economics, 22nd Edition Campbell Mcconnell,Stanley Brue And Sean Flynn

FOR Economics, 22nd Edition Campbell
Mcconnell,Stanley Brue And Sean Flynn

, ANSWERS ARE LOCATED IN THE SECOND PART OF THIS DOCUMENT
MULTIPLE CHOICE - Choose The One Alternative That Best Completes The Statement OrAnswers The
Question.




1)
Refer To The Budget Line Shown In The Diagram. If The Consumer's Money Income Is $100,
The
1)


A) Prices Of C And D Cannot Be Determined.
B) Price Of C Is $5 And The Price Of D Is $10.
C) Consumer Can Obtain A Combination Of 5 Units Of Both C And D.
D) Price Of C Is $20 And The Price Of D Is $10.



Question Details
AACSB : Reflective Thinking
Accessibility : Keyboard Navigation
Test Bank : I
Bloom's : Understand
Difficulty : 02 Medium
Learning Objective : 01-04 Explain The Individuals Economizing Problem And Illustrate Trade-Offs,
OppTopic : Individuals Economizing Problem
Accessibility : Screen Reader Compatible

,2)
Suppose You Have A Money Income Of $20, All Of Which You Spend On Coke And
Popcorn. In TheDiagram, The Prices Of Coke And Popcorn, Respectively, Are
2)


A) $1.00 And $2.00.
B) $2.00 And $1.00.
C) $2.00 And $4.00.
D) $1.00 And $0.50.



Question Details
AACSB : Reflective Thinking
Accessibility : Keyboard Navigation
Test Bank : I
Bloom's : Understand
Difficulty : 02 Medium
Learning Objective : 01-04 Explain The Individuals Economizing Problem And Illustrate Trade-Offs,
OppTopic : Individuals Economizing Problem
Accessibility : Screen Reader Compatible



3) Assume The Price Of Product Y (The Quantity Of Which Is On The Vertical Axis) Is
$10 And The Price Of Product X (The Quantity Of Which Is On The Horizontal Axis) Is $5.
Also Assume That Money Income Is $30. The Absolute Value Of The Slope Of The
Resulting Budget Line Is

3)

, A) 2.
B) 1/2.
C) 3.
D) 6.



Question Details
AACSB : Reflective Thinking
Accessibility : Keyboard Navigation
Test Bank : I
Difficulty : 02 Medium
Learning Objective : 01-04 Explain The Individuals Economizing Problem And Illustrate Trade-Offs,
OppTopic : Individuals Economizing Problem
Accessibility : Screen Reader Compatible
Bloom's : Analyze



4) Suppose That Julia Receives A $40 Gift Card For The Local Coffee Shop, Where She
Only BuysLattes And Muffins. If The Price Of A Latte Is $4 And The Price Of A Muffin Is $2,
Then We Can Conclude That Julia

4)


A) Should Only Buy Muffins.
B) Should Only Buy Lattes.
C) Can Buy 10 Lattes Or 20 Muffins If She Chooses To Buy Only One Of The Two
Goods.
D) Can Buy 10 Lattes And 20 Muffins With Her $40 Gift Card.



Question Details
AACSB : Reflective Thinking
Accessibility : Keyboard Navigation
Test Bank : I
Bloom's : Understand
Difficulty : 02 Medium
Learning Objective : 01-04 Explain The Individuals Economizing Problem And Illustrate Trade-Offs,
OppTopic : Individuals Economizing Problem
Accessibility : Screen Reader Compatible